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Gold down at five-month low

Gold down at five-month low
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First Published: Fri, May 18 2007. 04 28 PM IST
Updated: Fri, May 18 2007. 04 28 PM IST
PTI
New Delhi: Gold prices plunged further to touch a level last seen around five months back on the bullion market today as stockists continued to sell amid off season and ended with a loss of Rs55 at Rs8,885 per ten grams.
Trading sentiment remained depressed in view of off-marriage and festival demand while stockists continued to off-load part of their holdings.
The precious metal fell to trade near five-months-old levels seen on 5 January, this year.
Standard gold and ornaments dropped further by Rs55 each at Rs8,885 and Rs8,735 per ten grams respectively. Sovereign was unchanged at Rs7,550 per piece of eight grams.
Silver coins plunged by Rs300 at Rs23,600 for buying and Rs23,700 for selling of 100 pieces. Silver ready and weekly-based delivery both traded at previous levels of Rs18,000 per kilo each in limited deals.
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First Published: Fri, May 18 2007. 04 28 PM IST
More Topics: Money Matters | Commodities |